dealing

Paramount President Jeff Shell is expected to exit the company after being entangled in a legal battle with a controversial Las Vegas gambler and self-styled “fixer.”

Shell has been negotiating his exit and is expected to leave imminently after just eight months on the job, said two people familiar with the matter who were not authorized to comment publicly.

The veteran entertainment executive officially joined the media company with David Ellison’s takeover in August, though he had been a key member of Ellison’s team for nearly two years as the group worked to assemble the pieces of the tech scion’s growing empire. Ellison’s Skydance Media acquired Paramount and then pulled off a stunning $111-billion deal to buy Warner Bros. Discovery in late February.

Shell brought substantial experience running a media company to Ellison’s inner circle, a group that included former investment bankers and others who haven’t run a large-scale enterprise. Shell also served as a member of Paramount’s board and is expected to leave that role, too.

His exit comes after the high-roller, Robert James “R.J.” Cipriani, sued Shell in Los Angeles County Superior Court on March 9, alleging fraud and breach of an oral contract. Cipriani claimed that he provided Shell with “sophisticated, high-value crisis communications services,” according to his suit. He alleged Shell spilled corporate secrets, which Shell has denied, and also failed to deliver on a verbal pledge to help Cipriani develop an English-language version of a Roku TV Spanish music show.

Shell maintains Cipriani fictionalized the two men’s dealings, then spread “false and salacious lies to extract a massive payday.” Cipriani has been seeking $150 million in damages. Shell filed a counterclaim, saying the two men met only twice and that Shell owed him nothing.

The legal skirmish cast a cloud over Shell’s tenure helping lead the company because the Ellisons wanted to stay focused on their Warner Bros. takeover and lining up regulators approvals in the U.S. and abroad. The Cipriani controversy made Shell’s future at Paramount untenable, the sources said.

Shell’s departure comes three years after he was ousted as NBCUniversal chief executive.

NBCUniversal-owner Comcast hired a law firm to investigate him after a CNBC anchor filed an internal sexual harassment claim against him. Shell stepped down, acknowledging that he’d had an “inappropriate relationship” with the journalist, who has since left the company.

The job at Paramount was envisioned to be his second act.

Shell’s dealings with Cipriani began with an August 2024 meeting at litigator Patty Glaser’s Century City office. At the time, Glaser represented both men and urged Cipriani to “cease” his efforts to drum up damaging stories about Shell, who was trying to recover from the scandal that cost him his job at NBC.

Jeff Shell, Paramount Skydance president.

(Paramount / Skydance)

The most serious of Cipriani’s allegations was that he made a report about Shell to the U.S. Securities & Exchange Commission that Shell had discussed highly sensitive Paramount information with him: Paramount’s proposed $7.7-billion deal with the UFC owner to bring the mixed-martial arts fights to CBS and other Paramount outlets. Shell, in his lawsuit, denied the allegation.

Robert James “R.J.” Cipriani in Amazon Prime Video’s 2025 series, “Cocaine Quarterback.”

(Courtesy of Prime)

Paramount’s brass hired the Gibson Dunn law firm to investigate Shell’s surreptitious dealings with Cipriani. Investigators have been reviewing whether Shell had divulged any secrets. The review is still pending.

“Nobody believed me,” Cipriani said Wednesday. “The best thing I did was cooperate with Gibson Dunn and showed them that the texts were real.”

It’s unclear whether Ellison will look to bring in other experienced media executives or look to senior Warner Bros. Discovery executives following Paramount’s proposed takeover of that company.

When major champion Gary Woodland walks on to the first tee of Augusta National on Thursday he will be checking where the security is as much as where he needs to land his opening drive.

The 2019 US Open champion has organised extra security to help him deal with the anxiety and stress that playing golf can cause him since he had brain surgery in 2023.

He announced last month that he had been dealing with post-traumatic stress disorder since the operation to remove part of a brain tumour, although the mental health condition was only diagnosed about a year ago.

In late March he won the Houston Open – his first victory since becoming a major champion seven years ago – to qualify for this week’s Masters.

With the added pressure of playing in a major and in front of larger crowds – Woodland will play the opening two rounds alongside world number one Scottie Scheffler and Scotland’s Robert MacIntyre – he is naturally taking a cautious approach this week and, just as at PGA Tour events, has organised extra security.

“The whole deal for me is it’s visual,” he said. “If I can see somebody, then I can remind myself that I’m safe constantly.

“So I have a good idea now where security is on every hole. The big deal for me, my caddie knows too, so he can constantly remind me.”

The 41-year-old American, who is playing in his 13th Masters tournament, never knows what might cause an episode.

“I don’t have control when this thing hits me, and it’s tough,” Woodland added.

“It can be a fan. It can be a walking scorer. It can be a camera guy running by me, just any startlement from behind me can trigger this pretty quickly.

“Knowing where the security is, is a constant reminder that I’m safe.”

As the war US-Israeli war on Iran enters its third week, Iran’s Foreign Minister Abbas Araghchi has said that his country has shown it is ready to take the war “as far as necessary” and that the conflict must end in a way “that our enemies will never again consider repeating these attacks”.